A very brief update of these three items (daily charts).
GDX is bouncing. USD is still bouncing. TSX-V is grinding within the intermediate rally/uptrend.
A couple side notes:
- The bounce in GDX could be resetting RSI to its moving average as it did on the bull trap bounce on Jan. 12 before failure.
- USD rising along with GDX, TSX-V and other anti-USD items in-day does not mean much. Any given day can show anomalies. But the trends are ‘anti’ the reserve currency.
[edit] I neglected to shade in the gap in the upper 29s, right between the moving averages. That could be a prime objective of this bounce. But it would also be a key to a larger rally if it is taken out and held.
